Vortex sells controlling stake in 365MW portfolio in c.£500m transaction
Vortex Energy has completed the sale of its controlling and managing stake in its 365MW portfolio, originally purchased from ex-SunEdison yieldco TerraForm Power.
Articles tagged with: Utility Scale
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New solar developer Climate ER secures £250m funding for 500MW pipeline
New UK focused solar developer Climate ER has secured funding for £250 million worth of utility scale projects.
Lightsource BP sells 275MWdc of solar to Statkraft Ireland
Statkraft Ireland has acquired a portfolio of 275MWdc of solar from Lightsource BP.
80GW of new solar PV needed to reach net zero targets
The UK will need to deploy 80GW of solar to meet net zero according to a new whitepaper.
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Foresight Solar Fund sees overperformance of 15.9% but low power prices mar NAV
Despite challenges created by the COVID-19 pandemic, Foresight Solar Fund has seen its UK portfolio perform 15.9% above base case.
UK solar farm pipeline exceeds 10GW as 700MW of sites now being added monthly
Solar Media's head of market intelligence Finlay Colville discusses the key features of the UK's solar planning deluge, showing graphics that explain the trends underway, and exploring the new focus on 49.9MWp-dc sites that will be based on 500W-plus mono bifacial panels, mounted on single-axis tracking systems.
GE Renewable Energy chosen to deliver 25MW DC-coupled energy storage system
The UK’s first DC-coupled battery energy storage system is under development in a collaboration between GE Renewable Energy and Wykes.
Joint venture between GIG and Enso moves forward with plans for 50MW bifacial site
The joint venture between the Green Investment Group (GIG) and Enso Energy has taken a step forward as it looks to develop 49.9MW in Gloucestershire.
LCOE costs of solar PV continue to plummet in BEIS forecasts
New statistics published by the Department for Business, Energy and Industrial Strategy (BEIS) show another significant drop in the expected costs of solar out to 2040, with figures for the expected costs of storage technologies also released.
Bluefield makes £107 million acquisition of 64.2MWp portfolio
Bluefield Solar Income Fund (BSIF) has completed the acquisition of a 64.2MWp UK solar portfolio.
‘Breadth and depth’ added to Foresight as it completes PiP acquisition
Foresight has completed its acquisition of fellow investment company Pensions Infrastructure Platform (PiP).
Details of potential 20MW Isle of Man tender unveiled
The Isle of Man is exploring the possibility of opening up a tender for 20MW of onshore renewable energy as part of its plans for 75% renewables by 2030.
Increase in mega-projects boosts European solar generation to 68TWh in H1
Solar generation across Europe jumped 15% in the first six months of the year, reaching 68TWh largely due to bigger solar farms coming online.
JBM to build subsidy-free 50MW solar-plus-storage site
JBM Solar Projects is to build a new 50MW solar farm with battery storage at a site near Swindon.
High RESS strike prices down to connection costs and PPA length
High grid connection costs resulted in a solar strike price in Ireland’s first Renewable Electricity Support Scheme (RESS) auction “significantly higher than anywhere else in Europe” according to the Irish Solar Energy Association (ISEA).
UK’s largest council-owned battery storage site further expanded to 30MW
The UK's largest council-owned battery storage site, the 30MW Fideoak Mill site, is now fully operational.
Statkraft comes out on top in RESS with 276MWp as other winners unveiled
Norwegian state-owned power giant Statkraft has scooped up the largest contract in Ireland’s first Renewable Electricity Support Scheme (RESS), with two solar farms totaling 276MWp coming out successful alongside 57MW of onshore wind.
Anesco hands off subsidy-free Clayhill to GRIDSERVE in ‘multi-million’ pound deal
Anesco has sold on its subsidy-free Clayhill solar farm to GRIDSERVE in a “major step” towards becoming a service provider over asset owner.
Solar smashes expectations as it takes home whopping 796MW in RESS auction
Solar has superseded expectations as it scoops up 796MW in Ireland’s first Renewable Electricity Support Scheme (RESS) auction.
Octopus Renewables Infrastructure Trust unveils NAV of £341.5m as it moves into France
Octopus Renewables Infrastructure Trust (ORIT) has published its net asset value (NAV) as of 30 June 2020 as it unveils French acquistions.
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Subsidy-free Aura Power solar farm takes step forward
A subsidy-free solar farm with a rated capacity of up to 49.9MWp is moving forwards in north Devon.
UK comes in second in new European PPA Index
New analysis has found that the UK has the second highest proportion of projects with PPA offers out of fourteen European countries.
National Grid projects ‘significantly higher’ levels of solar as it upgrades FES to include net zero
National Grid ESO's projections for solar have increased as it expects there to be "significantly higher levels of solar generation" than it predicted in its 2019 Future Energy Scenarios (FES).
Bouygues Energies & Services begins construction on UK’s largest subsidy-free site
Bouygues Energies & Services will build the largest subsidy-free solar farm in the UK for NextEnergy.
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Blackfinch Energy signs EPC contract for first subsidy-free development
Blackfinch Energy has awarded Grupotec an EPC contract for its first subsidy-free development, the Llwyndyrus solar farm.
10MW solar farm to be managed by new community energy group
A 10MW solar farm in Shropshire is to be managed by a new community energy group, it has been announced this week.
Anesco appoints Mark Browning as new CFO
Anesco has appointed a new chief financial officer as it continues to shake up its top team.
European Commission approves RESS under state aid rules
Ireland’s Renewable Electricity Support Scheme (RESS) has been approved by the European Commission.
TfL eyes renewables PPAs to power rail network
Renewables could power Transport for London’s rail services as it explores the possibility of forming Power Purchase Agreements (PPAs).
Wales chosen for lithium-ion gigafactory and 200MW solar farm
Britishvolt has signed a Memorandum of Understanding (MoU) with the Welsh government for the development of its “landmark” gigafactory.